GOLD 0.51% $1,391.7 gold futures

Bingy said,If you look at the two highest volume days on the...

  1. 5,301 Posts.
    Bingy said,

    If you look at the two highest volume days on the daily US gold chart being the 11th and 25th you will see the first one being high volume on a down day finishing in the middle which shows buying. On the 25th you will see high volume testing the low which also shows strong buying.

    My reply,
    I think this would be true if we were in a down trend for gold. But if you look in the back ground this is actually selling. i believe weve seen the selling climax and are now witnessing distribution. It may take a few weeks but that is the basis of my thinking this far.

    Happy to hear your thoughts bingy.
 
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